Success stories

An Insurer Switched to Centralized Data Repository and Saved $2 Mn in Labor Expense

Written by Admin | Jul 4, 2024 10:27:08 AM

Data is the lifeforce of any successful business and the insurance industry is no exception. Insurers immensely depend on high-quality data for all their small and big decisions related to product development, marketing, pricing, customer selection, behavior analysis, overall optimization of portfolios and more. The client, a top ten life and annuity insurer in the U.S., wanted to implement a high-performance centralized data repository to harness analytics and intelligence across business areas. Coforge offered cloud-based data management solution integrated with deep domain knowledge. It helped the client establish an agile data management environment capable of delivering significant financial benefits.